Sentences with phrase «credit decision based on the information»

Our online process, an industry - leading experience, provides you with a real credit decision based on the information you provide.

Not exact matches

Creditors make lending decisions based on the information they find on your credit file, and each will have their own criteria to decide whether to lend money to you, how much, and at what rate of interest.

Lenders base their decision strictly on the information you provide in your application — no credit references, bank statements, pay stubs, or tax returns are needed.

With so many businesses making decisions about you and your finances based on the information in your credit report it is extremely important that they are accurate.

This is because while they may not entirely rely on one's credit information to base their lending decision, they require something that may guarantee the borrower's ability to repay the loan.

Potential accounts, partners, and even executive talent that is on the cusp of making a decision to work with your firm could turn away based on red flags reported to credit bureaus whether the information is accurate or not.

Approval in Principle (AIP): An AIP indicates how much you could borrow based on the information you have provided, it performs various criteria and credit reference agency checks, and gives a conditional decision to lend based on its findings.

Our credit decision was based in whole or in part on information obtained from an affiliate or from an outside source other than a consumer reporting agency.

My sense in observing the debate over the appropriate use of employee credit history is that there's a lack of information regarding what credit information employers use, when they collect it and the process that is used to make an employment decision based on credit history.

Although employers are required to notify job applicants before implementing a decision not to hire them based in any part on information from a credit report, employer compliance with this rule is difficult to monitor or enforce.

According to one article on lending parameters, «Data and risk analytics company LexisNexis Risk Solutions is helping bridge the information gap between banks and businesses by offering alternative - data - based credit risk assessments for lenders to make smarter, safer lending decisions.

Under the FCRA, requires that people who make decisions against someone based on information in a credit or background check, notify that person.

What information you should consider when making a hiring decision based on a credit check results

Develop reports utilizing credit information used in decision - making based on authority matrix, company guidelines within centralized team environment.

Lenders may generally ask loan applicants for this information but they can't make credit decisions based on it.

Bad credit history The Fair Credit Reporting Act requires a lender that denies your loan application to tell you whether it based its decision on information contained in your credit rcredit history The Fair Credit Reporting Act requires a lender that denies your loan application to tell you whether it based its decision on information contained in your credit rCredit Reporting Act requires a lender that denies your loan application to tell you whether it based its decision on information contained in your credit rcredit report.